Consolidated Edison (NYSE:ED) Hits New 12-Month High on Analyst Upgrade

Key Points

• Consolidated Edison hit a new 52-week high, trading up to $115.36 after JPMorgan raised its price target to $113 while keeping an underweight rating.
• Analyst sentiment is mixed—MarketBeat reports an average rating of "Reduce" with an average price target of $108.80, and recent targets range from $95 to $118.
• The company beat quarterly EPS and revenue estimates, set FY2026 guidance of 6.00–6.20 EPS, and raised its quarterly dividend to $0.8875 (annualized $3.55, ~3.1% yield).

Consolidated Edison Inc (NYSE:ED - Get Free Report) hit a new 52-week high during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $107.00 to $113.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Consolidated Edison traded as high as $115.36 and last traded at $115.2510, with a volume of 588824 shares trading hands. The stock had previously closed at $113.13.

Other analysts have also recently issued reports about the company. Citigroup reissued a "buy" rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Scotiabank boosted their target price on Consolidated Edison from $113.00 to $117.00 and gave the stock a "sector perform" rating in a report on Friday, February 20th. Wells Fargo & Company reduced their price target on Consolidated Edison from $99.00 to $95.00 and set an "equal weight" rating for the company in a report on Tuesday, January 20th. Bank of America reaffirmed an "underperform" rating and issued a $104.00 price target on shares of Consolidated Edison in a research report on Wednesday, February 25th. Finally, Mizuho set a $118.00 price objective on shares of Consolidated Edison in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $108.80.

Hedge Funds Weigh In On Consolidated Edison

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Basepoint Wealth LLC bought a new position in Consolidated Edison during the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC bought a new position in shares of Consolidated Edison during the 3rd quarter valued at $26,000. Aventura Private Wealth LLC purchased a new position in shares of Consolidated Edison in the 4th quarter worth $27,000. Westfuller Advisors LLC bought a new stake in shares of Consolidated Edison in the fourth quarter worth $27,000. Finally, Dorato Capital Management purchased a new stake in Consolidated Edison during the fourth quarter valued at $28,000. Institutional investors own 66.29% of the company's stock.

Consolidated Edison Stock Performance

The business has a 50-day moving average of $107.28 and a 200 day moving average of $101.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market cap of $41.65 billion, a PE ratio of 20.41, a PEG ratio of 3.00 and a beta of 0.38.

Consolidated Edison (NYSE:ED - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the company posted $0.98 EPS. The business's quarterly revenue was up 8.9% compared to the same quarter last year. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be issued a dividend of $0.8875 per share. This is an increase from Consolidated Edison's previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, February 18th. Consolidated Edison's dividend payout ratio is currently 62.83%.

Consolidated Edison Company Profile

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.

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